Roubaix Capital LLC Boosts Stake in Park Aerospace Corp. (NYSE:PKE)

Roubaix Capital LLC boosted its stake in Park Aerospace Corp. (NYSE:PKE) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 414,286 shares of the semiconductor company’s stock after purchasing an additional 5,062 shares during the quarter. Park Aerospace comprises about 3.6% of Roubaix Capital LLC’s investment portfolio, making the stock its 4th largest holding. Roubaix Capital LLC’s holdings in Park Aerospace were worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PKE. Quest Partners LLC acquired a new stake in Park Aerospace in the fourth quarter worth $25,000. Brandes Investment Partners LP raised its stake in Park Aerospace by 0.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,681,353 shares of the semiconductor company’s stock worth $24,716,000 after buying an additional 9,717 shares during the period. Quadrature Capital Ltd lifted its holdings in Park Aerospace by 5.6% during the fourth quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock worth $176,000 after acquiring an additional 630 shares in the last quarter. Foundation Resource Management Inc. grew its stake in Park Aerospace by 3.7% in the first quarter. Foundation Resource Management Inc. now owns 459,846 shares of the semiconductor company’s stock valued at $7,647,000 after acquiring an additional 16,512 shares during the period. Finally, Bridge City Capital LLC increased its holdings in shares of Park Aerospace by 60.0% in the first quarter. Bridge City Capital LLC now owns 28,582 shares of the semiconductor company’s stock worth $475,000 after acquiring an additional 10,721 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Stock Down 0.7 %

Park Aerospace stock opened at $13.29 on Thursday. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The company has a 50 day moving average of $13.28 and a 200-day moving average of $14.20. The stock has a market capitalization of $269.16 million, a PE ratio of 35.92 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, July 16th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $13.97 million during the quarter. Park Aerospace had a return on equity of 6.27% and a net margin of 12.15%.

Park Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, July 1st. Park Aerospace’s dividend payout ratio is presently 135.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Park Aerospace from a “buy” rating to a “hold” rating in a report on Thursday, July 11th.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.